James Fickel (Amaranth Foundation founder) just swapped another 2,000 ETH ($5.06M) for 74.75 WBTC at an ETH/BTC rate of 0.0374 and deposited 20,000 ETH ($50.6M) to Coinbase Prime in the past 17 minutes:

• address: 0xd85351181b3f264ee0fdfa94518464d7c3defada
• This address belongs to the entity James Fickel (Amaranth Foundation founder)

Notably, since his return on October 23, after 37 days of no significant activity with his ETH/BTC long position, James Fickel has exchanged a total of 6,418 ETH ($16.18M) back to 240.75 WBTC as the ETH/BTC rate kept falling. With the additional massive ETH deposit to CEX above, James Fickel appears to be trying to accelerate the reduction of his ETH/BTC long position!

Currently, James Fickel still has 980.2 WBTC ($66.35M) in debt on Aave.

Fig 1. James Fickel swapped 2,000 ETH ($5.06M) for 74.75 WBTC and deposited 20,000 ETH ($50.6M) to Coinbase Prime just now.